Iran’s next year budget bill sets development budget at $15.5B
Baku, Azerbaijan, Nov.24
By Fatih Karimov - Trend: Iran's next year budget bill set the country's development budget at $15.5 billion.
Iranian vice president Mohammad-Baqer Nobakht said the development budget has increased by 20 percent compared to the current year's budget, Iran's IRNA news agency reported Nov.24.
He added that the current year's approved development budget was $12.8 billion, of which $7.8 billion has been allocated so far and the figure will reach $9.3 billion by the end of the year.
The current Iranian year began on March 21.
Earlier, Nobakht said that development projects with over 70 percent progress is to be completed by the end of the year.
The administration of Iranian President Hassan Rouhani needs $400 billion to complete semi-finished development projects across the country, Nobakht said.
There are 2,906 projects semi-finished nationwide, he added.
The administration has not initiated any project since President Rouhani took office in August, he noted.